What is SAP Insurance Financial Systems?
Satisfy today’s hyper-connected customers across all channels, including mobile – with SAP software for the insurance industry. Our solutions use the latest technology to help you streamline claims management, simplify policy administration, and proactively manage risk and compliance.
Company Details
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Real user data aggregated to summarize the product performance and customer experience.
Product scores listed below represent current data. This may be different from data contained in reports and awards, which express data as of their publication date.
94 Likeliness to Recommend
100 Plan to Renew
90 Satisfaction of Cost Relative to Value
Emotional Footprint Overview
Product scores listed below represent current data. This may be different from data contained in reports and awards, which express data as of their publication date.
+85 Net Emotional Footprint
The emotional sentiment held by end users of the software based on their experience with the vendor. Responses are captured on an eight-point scale.
How much do users love SAP Insurance Financial Systems?
Pros
- Reliable
- Enables Productivity
- Security Protects
- Helps Innovate
How to read the Emotional Footprint
The Net Emotional Footprint measures high-level user sentiment towards particular product offerings. It aggregates emotional response ratings for various dimensions of the vendor-client relationship and product effectiveness, creating a powerful indicator of overall user feeling toward the vendor and product.
While purchasing decisions shouldn't be based on emotion, it's valuable to know what kind of emotional response the vendor you're considering elicits from their users.
Footprint
Negative
Neutral
Positive
Feature Ratings
Billing and Invoice Management
Compliance Management
Accounting and Financial Management
Performance Management
Audit Management
Analytics and Reporting
Invoice Management
Risk and Fraud Assessment
Workflow Management
Cash Flow Management
Document Management
Vendor Capability Ratings
Quality of Features
Breadth of Features
Vendor Support
Ease of IT Administration
Ease of Data Integration
Availability and Quality of Training
Business Value Created
Ease of Customization
Ease of Implementation
Product Strategy and Rate of Improvement
Usability and Intuitiveness
SAP Insurance Financial Systems Reviews
Hannah J.
- Role: Finance
- Industry: Retail
- Involvement: End User of Application
Submitted Jan 2026
Insurance Grade Control For Serious Finance.
Likeliness to Recommend
What differentiates SAP Insurance Financial Systems from other similar products?
We mainly use it to manage complex postings tied to insurance related transactions and long term liabilities. Revenue recognition rules, reserves and adjustments are handled in a structured way that stands up well under scrutiny. During month end and audit prep, being able to trace movements from source through to final posting saves hours of manual explanation and spreadsheet defence.
What is your favorite aspect of this product?
What really earns its place is the accounting logic built into the system. Posting rules feel deliberate. Controls around period locking are tight. Reporting aligns well with regulatory expectations.
What do you dislike most about this product?
The system can feel heavy for teams that only need a slice of its functionality.
What recommendations would you give to someone considering this product?
From a business impact view, it’s reduced risk exposure, improved reporting confidence and made compliance conversations far less painful. I’d recommend it to finance teams dealing with insurance linked revenue or complex liability structures.
Pros
- Helps Innovate
- Continually Improving Product
- Reliable
- Performance Enhancing
Sourav K.
- Role: Information Technology
- Industry: Engineering
- Involvement: IT Development, Integration, and Administration
Submitted Nov 2025
Solid but Slow,Good, Not Great,Reliable Core,Needs
Likeliness to Recommend
What differentiates SAP Insurance Financial Systems from other similar products?
Deep Integration Robust Suite Enterprise-Grade Strong Controls Unified Finance
What is your favorite aspect of this product?
My favorites aspect of SAP Insurance Financial Systems is its strong integration across finance, billing, and compliance, the ensures consistentncy of data, reduces reconciliation workflow, and provides a reliable foundation for complex insurance financial operations.
What do you dislike most about this product?
The biggest drawback of SAP HANA Insuranc Financial System is its complexity and steep learning curve. Navigation can feel cumbersome, customization often require specialized skillsset, and some proces are overly bureaucratic, which can slow down routine operations.
What recommendations would you give to someone considering this product?
Evaluate your organization readiness for complexity and changes management before implementation. Investing in strong project governance, skill SAP HANA consultants, and comprehensive training. Ensure clear ownership in IT and business, and plan for ongoing support and upgrad to fully leverage SAP HANA Insurance Financial Systems’ capabilities.
Pros
- Reliable
- Enables Productivity
- Security Protects
- Helps Innovate
Cons
- Vendor's Interest First
- Less Generous
- Charges for Enhancements
Mary O.
- Role: Student Academic
- Industry: Food and Beverage
- Involvement: End User of Application
Submitted Sep 2025
Powerful for Compliance and Finance.
Likeliness to Recommend
What differentiates SAP Insurance Financial Systems from other similar products?
Purpose-built for complex regulatory requirements
What is your favorite aspect of this product?
The whole system stand out because it bridges the classic gap between actuarial, finance, and regulatory reporting — something other insurance solutions often need extra tools or workarounds for.
What do you dislike most about this product?
What I would like SAP Insurance Financial Systems to improve on would be the complexity of implementation and customization. Here is why SAP Insurance modules (like FS-CD, FS-RI, FPSL) are highly specialized, and they require consultants who know both insurance processes and SAP’s financial structures. That makes onboarding harder compared to more “plug-and-play” competitors.
What recommendations would you give to someone considering this product?
If someone is considering SAP Insurance Financial Systems, here are my recommendation. Be Clear on Your Priorities; This product shines if your top priorities are regulatory compliance, integration with finance, and scalability. If your needs are lighter or more front-office focused (policy/claims user experience), there may be simpler options. Invest in the Right Expertise Early; Bring in consultants or internal staff who understand both insurance operations and SAP financials. The learning curve is steep, but the right team makes all the difference.
Pros
- Helps Innovate
- Continually Improving Product
- Performance Enhancing
- Trustworthy